ICICI Lombard shares up 1.03% as Nifty gains
ICICI Lombard General Insurance Company Ltd. traded 1.03 per cent up in Friday's trade at 12:02PM (IST). Around 2,311 shares changed hands on the counter.
The counter opened at Rs 1288.3 and touched an intraday high and low of Rs 1291.75 and Rs 1274.8, respectively, in the session so far. Shares of the company of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 1422.85 and a 52-week low of Rs 1049.1.
As per BSE, the total market cap of the ICICI Lombard General Insurance Company Ltd. stood at Rs 63315.83 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 4723.62 crore for the quarter ended 30-Jun-2023, down 13.27 per cent from previous quarter's Rs 5446.57 crore and down 13.84 per cent from the year-ago quarter's Rs 4149.38 crore.
The net profit for latest quarter stood at Rs 390.36 crore, up 11.84 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2023, DIIs held 15.21 per cent stake in the firm, while foreign institutional investors held 22.0 per cent and the promoters 0.0 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 35.76 and a price-to-book ratio of 5.03.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
ICICI Lombard General Insurance Company Ltd.
